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Aussie Trading Room and Cartoons Gallery

  • #29,681
  • May 14, 2013 10:36pm May 14, 2013 10:36pm
Quoting PurePrice
I am waiting to go long around 9860 .. anyone else? {image}
Waiting for it to break support and short to ~0.9200.
Attached Image (click to enlarge)
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  • #29,682
  • Edited 10:55pm May 14, 2013 10:41pm | Edited 10:55pm
For those with open longs,
I feel that the Aussie has fallen a lot and it should now stabilise but what do we do when we have a wound and bleeding?
We first stop the bleeding and then we reevaluate the situation.
In this instance a hedge is probably something to consider when the Aussie rebounds and fails to break resistance.
We then close the short when the AUD falls and you see that it struggles to break support.

Its not an easy thing to do and you'll need to be careful or you could be caught with a hedge in a major rebound (and you don't want that)
if you don't know the key S&R levels use fibs on higher timeframes, like 1H and 4H

In theory the Aussie should have been a lot higher (and we all know the reasons why)
but as others have said, Australia is a small player in the money markets so we get pushed around a lot.
Not to worry, Australia has a LOT going for it and will shine again and again.
Have a nice day
  • #29,683
  • May 14, 2013 10:46pm May 14, 2013 10:46pm
Quoting billv
For those with open longs, I feel that the Aussie has fallen a lot and it should now stabilise but what do we do when we have a wound and bleeding? We first stop the bleeding first and then we reevaluate the situation. In this instance a hedge is probably something to consider when the Aussie rebounds and fails to break resistance. We then close the short when the AUD falls and you see that it struggles to break support. Its not an easy thing to do and you'll need to be careful or you could be caught with a hedge in a major rebound (and you don't...
Never ever hedge. Close partial long instead.
  • #29,684
  • May 14, 2013 10:49pm May 14, 2013 10:49pm
Quoting diggo
{quote} Oh Daddy bear.. I don't understand why you are so optimistic on the Aussie? I strongly disagree with your analysis.. It seems everyone in this thread has been following you underwater too.
First, I am flat. Second, please post your chart to support your disagreement. I don't think I am so optimistic at all. My assessment has been around in this forum for more than 6 months. You may read all my previous posts to understand why I think so.
daddybearforex. com
  • #29,685
  • May 14, 2013 10:54pm May 14, 2013 10:54pm
Quoting 2+2=4ex
{quote} Never ever hedge. Close partial long instead.
Closing a losing position (in part or full) has merit.
A short also attracts -ve swap if it stays open overnight.
Have a nice day
  • #29,686
  • May 14, 2013 10:59pm May 14, 2013 10:59pm
Quoting 2+2=4ex
{quote} Waiting for it to break support and short to ~0.9200. {image}
it may not break today and break next time, break, bounce and then reverse, there are so many options. if you are considering short, what is the point of waiting?
As Above, So Below
  • #29,687
  • May 14, 2013 11:00pm May 14, 2013 11:00pm
Quoting livingston12
i think this is a big trap from US to attack china yuan? first, they attack the japan yen to push it down side, in a way to make the china yuan grow strong, next step, they attack the gold side, push again the money go not way, then money run not way but USD and china yuan, again they trying to make aud down and pushing again the china yuan to top, then 1 time, bang, the china yuan is dead and american back with glory? if you notice that, once the china yuan want exchange direct with the japan yen, then japan yen drop like shit, and this time is...

No one give opinion on my opinion?
  • #29,688
  • May 14, 2013 11:01pm May 14, 2013 11:01pm
Quoting DaddyBear
{quote} First, I am flat. Second, please post your chart to support your disagreement. I don't think I am so optimistic at all. My assessment has been around in this forum for more than 6 months. You may read all my previous posts to understand why I think so.
Hi DB,


My outlook for AUDUSD.


Unconvinced to add longs yet.


Will wait for lower, but this is my outlook over the coming weeks and months.
Attached Image
Even the worst trade can close with profit. Just give it time.
  • #29,689
  • May 14, 2013 11:02pm May 14, 2013 11:02pm
Quoting tashkent
{quote} it may not break today and break next time, break, bounce and then reverse, there are so many options. if you are considering short, what is the point of waiting?
Only two words needed to answer your question: Greater probability
  • #29,690
  • May 14, 2013 11:07pm May 14, 2013 11:07pm
Quoting diggo
{quote} Oh Daddy bear.. I don't understand why you are so optimistic on the Aussie? I strongly disagree with your analysis.. It seems everyone in this thread has been following you underwater too.
BTW, there are four types of people here:
Bulls
Bears
Bearulls or Bullears
Lurkers

When some people's bias is long, it does not mean they follow me. Please don't underestimate people in this forum. Some of them are better traders then DB.
daddybearforex. com
  • #29,691
  • May 14, 2013 11:14pm May 14, 2013 11:14pm
Quoting DaddyBear
In plain English, there will be a huge firework in the Australian sky in the coming months.... {image}
oke man. I will consider open Long around 0.9860-0.9870. today i closed a order with small green pips. I am a newbie. I am learning to trade fx. sory for my bad English

Hello DDB. can you give me some advices about UJ
  • #29,692
  • May 14, 2013 11:16pm May 14, 2013 11:16pm
Quoting John Gray
{quote} Hi DB, My outlook for AUDUSD. Unconvinced to add longs yet. Will wait for lower, but this is my outlook over the coming weeks and months. {image}
John, how is your new thread?
daddybearforex. com
  • #29,693
  • May 14, 2013 11:20pm May 14, 2013 11:20pm
Everyone shouting short! short! are equally bias than those shouting long!
It will move up again its seasonal, look at last years fall.
  • #29,694
  • May 14, 2013 11:26pm May 14, 2013 11:26pm
The Aussie is getting hotter. We have more viewers here than EYI over there....
daddybearforex. com
  • #29,695
  • May 14, 2013 11:29pm May 14, 2013 11:29pm
Quoting Davidnguyen
{quote} oke man. I will consider open Long around 0.9860-0.9870. today i closed a order with small green pips. I am a newbie. I am learning to trade fx. sory for my bad English Hello DDB. can you give me some advices about UJ
UJ and EJ will move higher. EJ may go up 200 pips before taking a break.... IMO
daddybearforex. com
  • #29,696
  • May 14, 2013 11:34pm May 14, 2013 11:34pm
Quoting DaddyBear
{quote} Bearulls or Bullears
LOL. I like that one. That's me.
Time turns trend. - W.D. Gann
  • #29,697
  • May 14, 2013 11:42pm May 14, 2013 11:42pm
Quite a few people are waiting to long at 98.60. It's too crystal clear to the bears too. I prefer having no preset level in advance. When the tide turns and the south wind is getting stronger then I will put my bull mask on.....
Attached Image (click to enlarge)
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daddybearforex. com
  • #29,698
  • May 14, 2013 11:44pm May 14, 2013 11:44pm
Quoting livingston12
{quote} No one give opinion on my opinion?
Because no one is trading Chinese Yuan in this forum.
daddybearforex. com
  • #29,699
  • May 15, 2013 12:20am May 15, 2013 12:20am
98.60 is not too far from here. A lot people will be long at that level. Good luck to all of them even I don't believe luck too much.....
daddybearforex. com
  • #29,700
  • May 15, 2013 12:21am May 15, 2013 12:21am
What u think about AUDCAD?? Strong supp on D pivot?
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